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Western Gold Resources Ltd. ( (AU:WGR) ) just unveiled an announcement.
Western Gold Resources reported that a strong cash position of $4.5 million and robust gold prices are underpinning the ramp‑up of Stage 1 mining at its flagship Gold Duke Project near Wiluna. The company is concentrating on extensional drilling within existing pit designs to add mineable tonnes and ounces, improve grade continuity and support a longer initial mine life.
Operational readiness advanced during and just after the March quarter, with a Letter of Award to SSH Mining Australia to start pre‑mining works such as clearing and site establishment. The company also completed the Bowerbird production bore and secured key road user agreements, while extending its toll milling arrangement with Wiluna Mining Corporation by six months to late 2027, enhancing processing certainty for planned output.
More about Western Gold Resources Ltd.
Western Gold Resources Ltd. is an Australian gold exploration and development company listed on the ASX, focused on advancing its 100% owned Gold Duke Project in Western Australia. The project covers about 25 km of strike along the Joyners Find Greenstone Belt and includes the Eagle, Emu, Golden Monarch and Gold King deposits, where the company is targeting near-term production through staged open pit mining.
Average Trading Volume: 786,191
Technical Sentiment Signal: Buy
Current Market Cap: A$44.11M
For an in-depth examination of WGR stock, go to TipRanks’ Overview page.